Public Management

Morocco: Tourism revenues fell by 53.8% in 2020

Morocco: Tourism revenues fell by 53.8% in 2020
Thursday, 25 February 2021 14:22

Last year, Morocco cashed out MAD42.4 billion ($4.7 billion), less than the amount recorded a year before in tourism revenues. This makes a decline by 53.8% YoY, according to a report issued on Feb. 22 by the Department of Economic Studies and Financial Forecast (DEPF).

In 2019, Morocco’s tourism revenues grew by 7.8% and an upward trend was also expected for 2020 but the Coronavirus pandemic has disrupted plans.

Since the first case was detected and the state of health emergency was declared in March 2020, measures have been taken, particularly concerning entry into and exit from the country, as well as internal movement. For example, flights to and from countries such as South Africa, Brazil, and more recently Switzerland and Turkey have been suspended. The country has also closed its sea and land borders to control the spread of the virus.

Fewer arrivals of tourists mean less money for the tourism sector, especially for hotels. DEPF reports that "the volume of arrivals to Morocco has fallen by 78.9% at the end of November 2020, against an increase of 5.3% at the end of November 2019, and that of overnight stays by 72.3%.”

However, the institution noted that the decline in revenue had improved in the fourth quarter of 2020, amounting to -46.1% against -80.1% in the third quarter. This is due to the easing of measures relating to the entry and exit from the Moroccan territory.

On October 1, 2020, the government announced a partial reopening of borders and the resumption of flights. However, travelers are required to present a negative Covid-19 test within 72 hours before departure and, as appropriate, proof of employment or accommodation.

In recent days, the Moroccan government has strengthened its travel restriction policy to better address the new wave of contamination, pending the vaccination campaign to achieve herd immunity.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs), enabling them to offer regulated capital markets...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the BCEAO and ECOWAS financial systems. Ministers from...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables tap-to-pay on POS terminals for the first...
(UMOA-TITRES) - UMOA-Titres announces the organisation of the 8th edition of the Regional Public Securities Market Meetings (REMTP), to be held on 27–28...
Most Read
01

Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...

Kenya targets UK market to boost mango exports
02

In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...

AGRA’s Lilial Githinji “Leadership capacity remains the missing ingredient in Africa’s food systems transformation”
03

Central bank launches project for real-time transfers across banks and mobile wallets System aims...

Guinea readies instant payment system to speed transactions and cut cash use
04

BOAD approves $35.7 million to upgrade Burkina Faso–Mali border road Project targets 130 km,...

Burkina Faso Secures BOAD’s $35.7 Million for Road to Mali
05

Fitch lowered Gabon’s sovereign rating to CCC- amid rising fiscal stress Payment arrears reac...

Fitch downgrades Gabon to CCC- as liquidity strains deepen
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.